Which of the Following Statements Is True of an Organization's

question 15

Multiple Choice

Which of the following statements is true of an organization's product mix?

• A)​Firms widen their product mix to capitalize on established reputations.
• B)A wide product mix decreases sales and profit-making potential.
• C)A wide product mix means that that the product line is deep.
• D)​All product items in a product mix follow a standard marketing strategy.

---

Definitions:

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government, after deductions and exemptions.

Marginal Tax Rate

It is the rate at which the last dollar of income is taxed, reflecting the percentage of tax applied to your income for each tax bracket in which you qualify.

Taxable Income

The amount of income subject to taxes, after all deductions and exemptions are taken into account.

Nominally Progressive

Pertaining to tax structures where the nominal rates increase as the taxable base increases, without necessarily resulting in a higher effective tax rate on higher incomes due to possible deductions and exemptions.